FOR SALE | PRIME DOWNTOWN PALM SPRINGS ASSEMBLAGE 350-420 PA L M C A N Y O N PALM SPRINGS, CA 188,179 SF (4.32 ACRES) DEVELOPMENT SITE +/- 1,300 FEET OF FRONTAGE ON PALM CANYON AND INDIAN DRIVES SOUTH BELERADO ROAD SOUTH PALM CANYON DRIVE WEST RAMON ROAD SOUTH INDIAN CANYON DRIVE TIMOTHY L BOWER MARCO ROSSETTI GABRIELLE LARDIERE Senior Vice President Senior Associate +1 310 550 2605 +1 310 550 2521 +1 760 578 4723
[email protected] [email protected] [email protected] Lic. 01911073 Lic. 00864693 Lic. 01805951 CAPITAL MARKETS TABLE OF CONTENTS EXECUTIVE SUMMARY Investment Summary Investment Highlights AERIAL OVERVIEW THE PROPERTY Current Improvements Site Plan MARKET OVERVIEW Regional Overview | Coachella Valley Submarket Overview | City of Palm Springs APPENDIX Zoning Code Palm Springs, CA WEST ARENAS ROAD SITE SOUTH BELERADO ROAD SOUTH PALM CANYON DRIVE SOUTH INDIAN CANYON DRIVE WEST RAMON ROAD N EXECUTIVE SUMMARY Investment Summary Investment Highlights EXECUTIVE SUMMARY INVESTMENT SUMMARY CBRE has been retained on an exclusive basis to present the opportunity to acquire an unequaled investment/mixed-use development site at the Southern Gateway to Palm Springs’ resurgent Downtown commercial core. The site currently consists of 4 parcels of land totaling approximately 188,500 square feet (4.32 acres) with 1,300 feet of combined frontage along Palm Canyon and Indian Drives. This prime site has potential for retail, office and residential development, and boasts spectacular street front visibility as well as mountain and Coachella Valley views. The site offers interim cash flow to an investor, with retail tenants such as Rite Aid and BBVA Compass Bank.